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A WOMAN who made £333 on Vinted shared her top tips for generating sales on the site.
Vinted is an online marketplace where people can buy and sell second-hand clothing, shoes and accessories.
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Uploading clothes to the app is completely free and Vinted doesn’t take a cut of sellers’ profits, instead charging buyers a small fee for each item.
Smart seller Jaan Imelda took to YouTube to show how she is able to make sales within 24 hours of uploading items.
Description
Jaan said that many people put very basic things about the item in the description, but said this is a “common mistake.”
She said to be as descriptive as possible so that the item is more likely to appear in people’s searches.
Jaan shared the template she uses for her descriptions and said she first fills in an adjective to describe the item, such as “sexy” or “cute.”
She then types in the color of the item and a detailed description of it, for example “bandeau top” or “crop top.”
Next Jaan describes which aesthetic category the item fits into, for example cottage-core or Y2K, and adds the name of the brand.
“This way you don’t have to push your items because they’re showing up in a lot of different searches,” she said.
hashtags
Jaan said that many people don’t use hashtags in their Vinted descriptions, but they are essential for sales.
She said she adds separate hashtags for the type of item, color, brand and aesthetic.
Time
Jaan said another way to ensure you sell quickly is to list items on Friday evenings or Saturday afternoons, as this is when most people are checking out the site.
She added that you need to make sure you sell items in the right season. For example, there is no point in selling a big coat in the winter because no one will want to buy it.
Incentives
Jaan said that offering incentives is a great way to increase interest in your article.
For example, she explained that if you tell people in the description, “If you favorite this item, you’ll get 20% off,” you’ll get a lot of favorites, which increases interest in the item.
Do I have to pay tax on items I sell on Vinted?
FAST tax facts from the Vinted team…
- The only time an item can be taxable is if it sells for more than £6,000 and there is a profit (sells for more than you paid for it). Even then you can use your £3,000 tax-free capital gains allowance to offset it.
- Generally, only business sellers who trade for profit (buying goods with the intention of selling them for more than they paid for them) are required to pay tax. Business sellers who trade for profit can take advantage of a £1,000 tax-free allowance, which has been in place since 2017.
- More information here: vinted.co.uk/no-changes-to-taxes
She added that telling people that this offer is only valid for a few days will encourage them to buy faster.
Online marketplaces like Vinted and Depop have millions of users in the UK and the cost of living crisis is only making them increasingly popular.
Financial pressures on UK households saw sales of second-hand goods rise 15 per cent to £21 billion in 2022.
According to research commissioned by review site Trustpilot, one in six people say they now buy second-hand items.
So this is the perfect time to make some extra money on sites like Vinted.
According to the popular platform, sellers do not have to pay taxes on the revenue they generate through the site.
According to HMRC, this is because the sale of personal items through platforms such as Vinted is not taxable in itself.
“If the money a member earns on Vinted in a year is less than the amount he paid for the items he sells, he does not have to pay tax,” a Vinted spokesperson explains.
”In general, only sellers who ‘trade’ for profit have to pay taxes.
“Since 2017, there has been a £1,000 tax-free allowance for people trading for profit.”
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